Businesses for Sale in Durg

- Engineering college infrastructure is for sale. - The infrastructure includes a 14-acre plot of land, construction with a built-up area of 2 lakh square feet, furniture, engineering lab equipment, and vehicles. - Formerly, the infrastructure was used by an AICTE approved engineering college offering full-time undergraduate (B. Tech) programs in mechanical, IT, civil, and electrical engineering streams. - The college halted commercial operations last year and while operational had annual revenues of INR 4 crore with around 950 students enrolled and 35 staff members. - The currently built infrastructure can accommodate 1,200 students in 32 classrooms and can easily be converted into a school with 48 classrooms built according to the CBSE standards. - In addition to this, there are 4 fully equipped workshops and 4 engineering laboratories, a library with a capacity of 50,000 books and an air-conditioned auditorium which can accommodate 200 people. - The facility is equipped with a 350KVA transformer with 3 backup diesel generators and a 24-hour water supply from borewells. - 6 buses that were used by the college are also included in the transaction. They have not been used for a year and may require some maintenance. - The acquirer will get all the physical assets of the business including the land, construction, vehicles, furniture, lab equipment, computers, and vehicles. - The property is strategically located around 11 km from both Rachi and Bhilai and is readily accessible. - The property is held under a trust and this legal structure is not offered on sale. - Only the physical assets of the college are included in the transaction and the new acquirer would have to incorporate a new legal entity as required. - Currently, 18,000 sq. ft. of space is leased out to TCS who use 800 computers owned by the college and pay a monthly rent of INR 11 lakh. - The current rental agreement with the tenant lasts for the next two years and is expected to be renewed with a rent escalation of 20-25% - The acquirer will receive all the cash flows from the tenant.